B. We enter ashort trade at 208.72
and immediately place our stop loss 20 pips from entry or 208.92 (pointC). After stop loss is placed we
either wait for the market to reach our profit objective of 50 pips or we enter a take profit order with our forex broker. At point

Dwe cansee the market easily
reached out profit objective and the trade turned out to be a 50 pip winner.

A: 00:00, start
time.

B: RSI reaches 30 first. This
means we will be looking for a long

trade.

C: We where looking for market to
penetrate upper part of

Bollinger band by 3 pips and it did at 209.89. Long trade is

triggered.

D: Stop loss immediately placed 20
pips from entry at 209.69.

Market reached our stop loss and trade got stopped out for a loss of 20
pips.

E: As per the system rules we
re-enter trade at 210.08 (3 pip

penetration of Bollinger band). In this occasion it was a long trade but could have been
a short trade as well if the opportunity would

have appeared first.

F: Stop loss immediately placed at
209.88.

G: Profit target of 50 pips is
reached at 210.58.

A: 00:00, start time.

B: RSI reaches 70 first. This means we will be looking for a short

trade.

C: As expected the market penetrated the lower part of Bollinger

band by 3 pips at 212.36. Short trade is triggered.

D: Stop loss immediately placed 20 pips from entry at 212.56.

Market reached our stop loss and trade got stopped out for a loss of 20
pips.

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